Eurosystem invites payment providers for digital euro pilot

Core Insights - The Eurosystem has initiated a call for licensed payment service providers (PSPs) to participate in a digital euro pilot, following the ECB Governing Council's decision to advance the digital euro project [1][4] - The pilot aims to assess the digital euro's features in a controlled environment over a 12-month period starting in the second half of 2027, focusing on technical performance, operational processes, and user experience [2] - Selected firms will gain practical exposure to a simulated digital euro ecosystem, providing feedback to shape technical specifications, although participation will not be remunerated [5] Group 1: Pilot Details - The pilot will involve Eurosystem central bank staff and selected merchants, allowing for person-to-person and person-to-business payments in both online and offline settings [3] - The "beta digital euro" used in the pilot is strictly for testing purposes and will not have legal tender status [2] Group 2: Objectives and Evaluation - The pilot will refine the digital euro's design and user experience, as well as test communication and branding strategies [4] - Applications from PSPs will be evaluated based on regulatory compliance, technical and operational capabilities, market presence, and delivery track record [6]